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Stock market brag and bemoan thread -- what are your best and worst stock picks of all time?

32,678 2,000 July 31, 2019 at 06:53 PM
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I know many of you are ardent index fund buy-and-holders. However, many of you in the market have picked at least a few stocks. Dish on what your best and worst buys of all time are.

My two best are probably ENPH and GILD. I got in on ENPH when it was under a dollar and GILD when it was around $21. I sold GILD when it was in the 100-120 range. I've sold some ENPH but still have most of my position.

Worst were probably GE, NFLX, and ERBB. I bought GE when it was around $30. Whoops. I also refused to sell some put options on NFLX during the 2018 December crash, not anticipating the 2019 rebound. Had the opportunity to more than double my money and lost all of it. I bought penny stock ERBB years ago and it skyrocketed, I think from .01 to .10 in a matter of months. And I stupidly bought some more at around .08, thinking it was going to be the next big thing. I think it trades for .0000000002 Roll

Any of you own FAANG from back when they were penny stocks?

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#2
None of the FAANG companies were *ever* penny stocks or anywhere close to it. Don't be thrown off by split-adjusted charts that make it look like they once traded for $0.01 a share. Similarly, there are VERY few stocks that ever "come back" from being penny stocks beyond a purely speculative hype phase. That's not at all a good place to look for the "next big thing" as you put it.

For me, the worse was Potbelly right after their IPO a few years back at >$30. I love the restaurant and they're relatively small, so I figured there was plenty of room to grow. Turns out, not so much, and the stores they do have can't grow same-store sales at all for whatever reason.
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#3
Quote from dukeblue219
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None of the FAANG companies were *ever* penny stocks or anywhere close to it. Don't be thrown off by split-adjusted charts that make it look like they once traded for $0.01 a share. Similarly, there are VERY few stocks that ever "come back" from being penny stocks beyond a purely speculative hype phase. That's not at all a good place to look for the "next big thing" as you put it.

For me, the worse was Potbelly right after their IPO a few years back at >$30. I love the restaurant and they're relatively small, so I figured there was plenty of room to grow. Turns out, not so much, and the stores they do have can't grow same-store sales at all for whatever reason.
It's a humorously hyperbolic way of asking if anybody got in on FAANG on the ground floor and became a billionaire (again, hyperbole).

I'm aware of the rarity of an exploding penny stock as well. But when you're hyped, you're hyped. Nobody's perfect, and I have no shame in owning up to my mistake.

Speaking of, I recently bought some PBPB. My sympathies if you bought at the IPO. It's a great chain in a tough market. I'm hoping that they can turn it around. You a Chicagoan?
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Last edited by bonkman August 2, 2019 at 01:21 PM.
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#4
My missed opportunity to bemoan:

Back in 92 or 93...a guy I worked with damn near demanded I should buy Microsoft stock. He reminded me of a used car salesman and I was too young to understand stocks. If I remember, it was under $2/share then...and split what, 6 times between then and 2000 alone?

Instead of stock that conservatively would have been worth millions (depends on when and how much I pulled out), I got a bitchin stereo system Sadwalk
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Quote from uniquename
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My missed opportunity to bemoan:

Back in 92 or 93...a guy I worked with damn near demanded I should buy Microsoft stock. He reminded me of a used car salesman and I was too young to understand stocks. If I remember, it was under $2/share then...and split what, 6 times between then and 2000 alone?

Instead of stock that conservatively would have been worth millions (depends on when and how much I pulled out), I got a bitchin stereo system Sadwalk
oh man.

I hope it had dual cassettes players!
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Quote from bonkman
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oh man.

I hope it had dual cassettes players!
And a CD player Roll

Seriously. This guy pushed me so hard when he heard what I had saved towards a stereo. I did the math once and almost puked, especially knowing it would have been no pain to toss a million at the ipo of yahoo, etc.
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#7
Quote from uniquename
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And a CD player Roll

Seriously. This guy pushed me so hard when he heard what I had saved towards a stereo. I did the math once and almost puked, especially knowing it would have been no pain to toss a million at the ipo of yahoo, etc.
everything's so obvious in hindsight.
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